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Ruth took a ride..

For a truly exciting view into the yawning abyss our economy has become, I recommend a drive from Central North Texas to Central Florida.

Pervading the scenery along the coast I've been driving the last few weeks are signs of gaping holes and distress. `For Sale' signs are everywhere, festooned with added pleas of "Must Sell', `Owner Financing', `Reduced', and prices in the range of under $40k for many acres, sometimes on the desirable lakes, streams and oceanfront. Homes and businesses through the barren landscape are up for sale, lease, or fail - the terms are coming to "Just Please Help".



keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Jan 4th, 2010 at 03:25:40 PM EST
Ouch.

No signs of similar epic fail in the UK, although if double-chinned Dave gets in and rates go up by five to ten percent, expect equivalent scenes.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jan 4th, 2010 at 03:36:52 PM EST
[ Parent ]
Irrespective of the party in power, I think we are only a couple of marginal policy calls away from such scenes being re-enacted.

although it's much likelier under the tories, the economy in the South east is hollowing out so badly that it may not take too much to push it over the edge.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jan 4th, 2010 at 04:03:09 PM EST
[ Parent ]

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